Allowed

Punjab National Bank v. Sukhbir Singh

DRT22 Apr 2026OA/1039/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery of over ₹29 Lakhs with interest, holding the debt proved by the affidavit. The order directed the issuance of a Recovery Certificate and appearance before the Recovery Officer.

What did the court decide?

Application allowed for recovery of ₹29,95,929 with interest; Recovery Certificate issued; Recovery Officer directed to distribute proceeds.

Punjab National Bank versus Sukhbir Singh — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 1039/2022 Date of Institution: 30.05.2022 Date of Decision: 22.04.2026

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Punjab National Bank having its branches all over India and a branch at Talwandi Bharath, Punjab.

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……..Applicant Vs.

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Sukhbir Singh s/o Sh. Iqbal Singh, r/o Village Dabanwal, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendant

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Advocates

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Sh. Bharat Kawal proxy counsel for Sh. K.S. Manhas, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 19.09.2025 .

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OA for the Recovery of ₹29,95,929/- with interest @8.85% per annum with yearly rests from 30.05.2022.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹29,95,929/- with interest against Sh. Sukhbir Singh (defendant).

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Bank’s case is that on 08.12.2015, it had granted a loan of ₹20.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @8.85% per annum with yearly rests. The defendant had acknowledged liability towards the debt on 12.01.2018 and 12.03.2019. On 23.05.2022, a sum of ₹29,95,929/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 14.06.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 19.09.2025, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Sham Sunder Sharma, Deputy Manager along with the loan and security documents and marked them as Exhibit A-1 to A-12. 5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹20.00 Lacs and on 23.05.2022, a sum of ₹29,95,929/- was due. 6. Accordingly, the application of the bank for the recovery of ₹29,95,929/- (Rupees Twenty Nine Lacs Ninety Five Thousand Nine Hundred Twenty Nine Only) with interest @8.85% per annum with yearly rests from 30.05.2022, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendant. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 26.05.2026, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 22.04.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank v. Sukhbir Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Sukhbir Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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